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Thomas Sowell studied the intelligence test scores of various categories of people and concluded that
Net Income
Net income is the profit a company makes after deducting all its costs and expenses from its total revenue.
Statement of Stockholders' Equity
A financial statement that shows the changes in the value of a company's equity over a specific period.
Common Stock
Shares of ownership in a corporation, granting holders voting rights and a portion of profits in the form of dividends.
Balance Sheet
A financial statement that displays a company's assets, liabilities, and shareholders’ equity at a specific moment, showing the company's financial position.
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